Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
UK Insurers Assail Government Failure to Spend on Flood Defense
Oct 10 2007 // Stephen Haddrill, the Director General of the Association of British Insurers (ABI), reproached the UK Government for its failure to do more to protect the country from increased exposures to floods. Responding to the...
La. Governor Candidates Offer Array of Insurance Ideas
Oct 10 2007 // The four major candidates for Louisiana governor have a range of different ideas for eliminating a persistent obstacle to south Louisiana’s hurricane recovery: high homeowners insurance rates. Walter Boasso and Bobby...
Mass. Bans Credit Scores in Both Rating, Underwriting in New Auto Plan
Oct 9 2007 // Auto insurers in Massachusetts will not be able to use credit scores to price or underwrite risks when the state enters its managed competition market next April. Insurance Commissioner Nonnie Burnes sided with consumer...
Maryland Malpractice Insurer Told Its $69 Million Dividend Belongs to State
Oct 9 2007 // Maryland’s largest medical malpractice insurer should return its entire $68.6 million dividend to the state, instead of the $32.5 million it has proposed as part of its exit from a subsidy program designed to lower...
Ky.: Unauthorized Insurer Offering Health Insurance to Consumers
Oct 9 2007 // The Kentucky Office of Insurance is investigating reports that an unidentified company is selling health insurance in Kentucky without proper authorization. A flyer, which has been faxed to consumers in Kentucky, does not...
Washington insurers, trail lawyers at odds over treble damages
Oct 8 2007 // Study says Referendum 67 could cost $650 million With millions in campaign contributions and plenty of name-calling, trial lawyers and insurance companies in Washington are doing their best to spice up this fall’s...
COMP INSURERS APPEAL S.C. RATE HIKE REJECTION
Oct 8 2007 // The South Carolina Department of Insurance recently disapproved a request made by the National Council on Compensation Insurance to increase loss costs statewide by 23.7 percent. NCCI State Relations Executive, Amy Quinn,...
Fla. high court affirms insurers need pay for covered perils only
Oct 8 2007 // Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key...
Fla. agents advise consumers of coverage gaps, likelihood of assessments with Citizens
Oct 8 2007 // Florida’s insurance agents are advising consumers seeking coverage from Citizens Property Insurance Corp. to proceed cautiously, especially for those making comparisons with the private market. Coverage in the state...
Case Watch
Oct 8 2007 // Agent/Broker Liability Lin v. Metro Allied Ins. Agency Tex. App. 1st Dist., Aug. 31, 2007 Insurer liable under DTPA for its agent’s failure to procure insurance.An insured accepted a commercial general liability...
Oct. 31 is deadline for insurer review of premium credits in La.
Oct 8 2007 // Insurance companies have until Oct. 31 to review the discounts they offer for property insurance policies in Louisiana that don’t cover wind or have high hurricane deductibles, according to a bulletin issued by the...
Plaintiffs fail to prove racketeering by Marsh, insurers and brokers
Oct 8 2007 // Dismissal of corruption conspiracy charges follows earlier dismissal of antitrust complaint The same federal judge who early in September dismissed all federal antitrust charges against Marsh & McLennan Companies and...
Mass. consumer groups say auto deregulation plan needs work
Oct 8 2007 // A Massachusetts consumer group and Attorney General Martha Coakley urged Insurance Commissioner Nonnie Burnes to incorporate more consumer protections and ban the use of credit scores in her proposed auto insurance...
Niche writing and the soft market
Oct 8 2007 // Program diversification helps to lighten the effects during increased competition As the property casualty market softens, insurance carriers will strive to figure out new ways to maintain recent levels of profitability....
Advice for firms considering a captive
Oct 8 2007 // How to choose the right service providers If you are a mid-sized business interested in an alternative risk transfer product, choose your service providers carefully. Dealing with those who are inexperienced in the...
BOPs deliver more now than in the old days
Oct 8 2007 // Today’s small, medium-sized owners get more and better coverage options in their business owners policies The business owner policy (BOP) of today is not the BOP of yesterday, industry experts agree. When the first...
The offshore reinsurance tax debate resurfaces in Congress again
Oct 8 2007 // An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee late last month that a major tax advantage for certain foreign insurance groups could threaten...
News Currents
Oct 8 2007 // Plaintiffs fail to prove racketeering by Marsh, insurers and brokers Dismissal of corruption conspiracy charges follows earlier dismissal of antitrust complaint The same federal judge who early in September dismissed all...
News Currents
Oct 8 2007 // Mass. consumer groups say auto deregulation plan needs work A Massachusetts consumer group and Attorney General Martha Coakley urged Insurance Commissioner Nonnie Burnes to incorporate more consumer protections and ban the...
News Currents
Oct 8 2007 // Fla. agents advise consumers of coverage gaps, likelihood of assessments with Citizens Florida’s insurance agents are advising consumers seeking coverage from Citizens Property Insurance Corp. to proceed cautiously,...
